223
223
Mar 18, 2013
03/13
by
LINKTV
tv
eye 223
favorite 0
quote 0
the dangers of a profound effect on the economy, equally real. numerous commentators observed that the parallels to 1929 were ominous. even the upturn in the market in late 1987 had had its parallel in the 1920s, only to be followed by a further collapse and the greatest depression of all times. but it didn't happen. and one reason was that theories of long-run steadiness gave way immediately to an appreciation of the crisis. did we need more money, more liquidity? we would have it, the fed told us, quickly and unequivocally. forget general rules -- handle the crisis first. which leaves us where? perhaps better off in economic fact than in economic theory. cruise control is great in automobiles on the open highway, but when the traffic gets hot and heavy, there is, alas, no substitute for human judgment. hopefully, good judgment. monetary policy was an effective factor in holding down inflation in the booming '90s. the federal reserve was also successful in limiting the damage from various crises to hit the u.s. economy, including the financial c
the dangers of a profound effect on the economy, equally real. numerous commentators observed that the parallels to 1929 were ominous. even the upturn in the market in late 1987 had had its parallel in the 1920s, only to be followed by a further collapse and the greatest depression of all times. but it didn't happen. and one reason was that theories of long-run steadiness gave way immediately to an appreciation of the crisis. did we need more money, more liquidity? we would have it, the fed...
11
11
tv
eye 11
favorite 0
quote 0
from everybody around the world but it's a mistake to point to the disconnect between the economy in the stock market as being indicative of there being some under underlying financial skullduggery because the economy in the stock market rarely go hand in hand occasionally they will coincidentally work in march together but that's not generally the average between these two indexes but what we can say is that the wealth is being ported over to the big house of the slave masters and that the people who are not engaging in this stock market rally stop because there's a disconnect with the overall economy it's because they're being disenfranchised and in the slaves we're back to priest civil war days the antebellum south will rise again in america you've got sleeves all over america working for uncle tom that is j.p. morgan's jamie diamond who let them in the big house every once in a while and throw in the boom but other than that go up there pick cotton you all know good because of jamie douglas you know rather plantation you all well of course one of the famous sayings about wall str
from everybody around the world but it's a mistake to point to the disconnect between the economy in the stock market as being indicative of there being some under underlying financial skullduggery because the economy in the stock market rarely go hand in hand occasionally they will coincidentally work in march together but that's not generally the average between these two indexes but what we can say is that the wealth is being ported over to the big house of the slave masters and that the...
111
111
Mar 19, 2013
03/13
by
KQED
tv
eye 111
favorite 0
quote 0
economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive intervention of the banks. that's the risk, unless they find a solution and unless they exempt the small savers from this levy, that you may get social disorder and political disorder. >> let's bring it here to the u.s. and u.s. stock market. we've had a nice market rally. could this situation disrupt the market rally here and for american investors, is this a time, an opportunity to get in, or is there more turmoil ahead? what do you think? >> so far we've shrugged off this element for three reasons. one is the european
economy? what about the global financial system what what risk is there to that because of this cyprus situation? this is a big worry for so many people. >> so, the risk scenario, and i should stress it's a risk scenario, not a baseline is that the cypriots are so upset that you get both political disorder and social unrest and that increases the chance of cyprus exiting the euro zone. if they exit the euro zone, you reopen all these dwhaes are put aside by the very aggressive...
SFGTV2: San Francisco Government Television
30
30
Mar 16, 2013
03/13
by
SFGTV2
tv
eye 30
favorite 0
quote 0
new ice based economy one of innovation, culture - and education. innovation along with it's partner collaboration are being reflected in the explosive growth of the tech sector for each i couldn't engineer hired by pandora or twitter a multiplier effect occurs with job openings create for eliminate oh, mow drivers bare resist at a asks and yoga instructor and is personal finances gore g u r u's and so as we have seen as multimillion dollar facilities being created on both sith of the bay and parts of the rising sports culture tour which we have an abundance of in pot of our cities education is being manifested by the strong and growing influence of our public and private universities in tandem with our expanding healthcare sector. in oakland in 2013, oakland will have three major projects under way for over $2.2 billion surpassing san franciscotion current healthcare construction. we will get this keep it moving here ... it's a little the technology that we are talking about ... there we go. okay. office space previously used by the shining fire se
new ice based economy one of innovation, culture - and education. innovation along with it's partner collaboration are being reflected in the explosive growth of the tech sector for each i couldn't engineer hired by pandora or twitter a multiplier effect occurs with job openings create for eliminate oh, mow drivers bare resist at a asks and yoga instructor and is personal finances gore g u r u's and so as we have seen as multimillion dollar facilities being created on both sith of the bay and...
102
102
Mar 13, 2013
03/13
by
CNBC
tv
eye 102
favorite 0
quote 0
economy is stronger than you think. the problem isn't the u.s. economy it's the world economy. and i think the world economy is much weaker than you think. and don't take my word for it simply look at global indices, particularly emerging markets and most importantly china the number two economy in the world. china today closed on the loss of t -- lows the year. china is significantly underperforming. i don't believe the u.s. in this global economy the u.s. can effectively go it alone. that's what the stock market has done so far but i don't think it's sustainable. >> brian westberry what do you think, will china hold up our recovery? >> i don't think so. look back at 1989, japan back then was the second largest economy in the world. it collapsed. and then in the 1990s the u.s. economy boomed. >> first we had a very severe recession in the early '90s. >> it wasn't very severe but we had a recession. we boomed in the 1990s. we already had our recession. swrap has been down for 20 years. if that's all we get i'll take it. the bottom line is what's driving -- >> the point i want t
economy is stronger than you think. the problem isn't the u.s. economy it's the world economy. and i think the world economy is much weaker than you think. and don't take my word for it simply look at global indices, particularly emerging markets and most importantly china the number two economy in the world. china today closed on the loss of t -- lows the year. china is significantly underperforming. i don't believe the u.s. in this global economy the u.s. can effectively go it alone. that's...
78
78
Mar 17, 2013
03/13
by
CSPAN2
tv
eye 78
favorite 0
quote 0
we need to focus on the green economy and building up the green economy. in the short-term it creates a lot of jobs and the long-term it addresses the climate crisis. so let me talk a little bit more about that. in terms of the short-term policy, i will mention one other short-term issue which is the federal reserve, that controls the short-term interest rates have have been running what they call a zero interest rate policy now for four years. that is the interest rate at which banks borrow is zero. they get free money and they get as much as they want for free. on top of that actually if they take the money and all they do is bank it at the fed, they get one quarter of 1%. it's not a lot. it's one quarter of 1% but if you could borrow a lot you know and getting back for doing absolutely nothing, that is what they are doing. right now also something that is frustrating to me that is not an talked about enough, commercial banks in the country are sitting on $1.5 trillion in cash, 1.5 trillion to give you some sense of that. the total u.s. gdp is $15 trilli
we need to focus on the green economy and building up the green economy. in the short-term it creates a lot of jobs and the long-term it addresses the climate crisis. so let me talk a little bit more about that. in terms of the short-term policy, i will mention one other short-term issue which is the federal reserve, that controls the short-term interest rates have have been running what they call a zero interest rate policy now for four years. that is the interest rate at which banks borrow is...
193
193
Mar 17, 2013
03/13
by
FBC
tv
eye 193
favorite 0
quote 0
there is drags on the economy and we'll need more taxes to close the gaps. companies would like taxes to be low but also don'tment -- don't want to collapse the economy. theymentment economy to grow and not go broke and some mix of spending cuts and tax increases will hopefully lead us down the path but not the japan path. i don't know which plan is better. they are both magic in my opinion. one wants taxes raised and the other want to lower it twitch percent like that is going to balance the budget. i don't know which one is working. >> johnathon, you took a hike up a big mountain, should taxings go up? >> no, they shouldn't unless they are paying off the debt. we are raising a trillion in taxes according to the democratic proposal. you are only raising taxes to raise spending also. you are not paying off the deficit. governor scott and perry, come to the states where you don't have to pay a state income tax. that's what businesses want. this democratic budget is the biggest joke i have ever seen. 10 years from now. you are still running a trillion dollar d
there is drags on the economy and we'll need more taxes to close the gaps. companies would like taxes to be low but also don'tment -- don't want to collapse the economy. theymentment economy to grow and not go broke and some mix of spending cuts and tax increases will hopefully lead us down the path but not the japan path. i don't know which plan is better. they are both magic in my opinion. one wants taxes raised and the other want to lower it twitch percent like that is going to balance the...
120
120
Mar 20, 2013
03/13
by
KQED
tv
eye 120
favorite 0
quote 0
economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the question there is whether the negotiates going down to the wire will spook the markets or not. the markets have been remarkably resillient. we went through a sequester deadline. the dow hits an all time high during this. >> rose: why was that? >> because i think the fed trumps everything. money cures all. >> it's all about the fed. i'm a skeptic on the grand bargain. i don't think there's a passing game here. there's going to be a ground game and it's going to be, we're going to go yard by yard and we may get little species of this but the idea everyone's going to come toget
economy. the u.s. economy's crucial. in order for the world to grow. euro has to go so the economy has to continue in this trajectory of stable solid growth and bring down the rate of unemployment. >> rose: do you expect, has the president engage in a different kind of shall we say diplomacy with congress we'll more likely kind a bargain between the republicans and democrats on taxes and spending. >> that's always going to go down to the wire. i wouldn't expect anything before. the...
20
20
tv
eye 20
favorite 0
quote 0
compare the so-called palestinians economy with other economies around the world but there is no econ. to me in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four i'll keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the very beginning the very inception you might say the first day of the peace process until today the world bank says the manufacturing sector of the palestinian economy has drastically deteriorated the agricultural sector has drastically deteriorated so what has improved will they say the public sector has improved what is the public sector the public sector simply handouts from the international community and the public sector in this past year the biggest growth was in security that is to say the palestinian authority hired more torturers this year than any year in the past that's the palestini
compare the so-called palestinians economy with other economies around the world but there is no econ. to me in palestine they say for example that the economic structure of palestinian of the economy the structure of the palestinian economy has drastically deteriorated since one thousand nine hundred ninety four i'll keep in mind the year nineteen ninety four that's when the so-called peace process began the oslo accord was signed in september one thousand nine hundred ninety three so from the...
70
70
Mar 14, 2013
03/13
by
CSPAN
tv
eye 70
favorite 0
quote 0
the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic growth and shifts more and more american jobs overseas every year. on a regulation in energy robs the middle class through higher fuel costs, slows our path to a national energy independence, and costs hundreds of thousands of new american jobs in the energy industry. small banks are a primary source of capital for middle-class families and small businesses. the added burden of the dodd- frank regulations, hamstrings our banks at a time when small businesses and middle-class families need them the most. it does nothing to prevent large institutions from be
the best way to shrink our deficit is to grow our economy. to grow good paying jobs and put hard-working americans back to work. unemployment remains stubbornly high. we have seen the enemy and he is us. our bloated and inefficient federal government does not promote but stifles progress. it makes us less competitive in the world. we are not being beaten by our competitors worldwide. we are beating ourselves. through excessive taxation and regulation, the federal government stifles economic...
87
87
Mar 18, 2013
03/13
by
KNTV
tv
eye 87
favorite 0
quote 0
economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are coming. particularly to florida, which we've seen that we benefit from. but so does the u.s. economy. >> bob, where does the growth come from at disney the coming three years? >> in our case it starts with creating intellectual property and experiences, and then leveraging that across multiple platforms and multiple territories. we benefit from technology making this great intellectual property available to more people more often more places. so the new platforms that we see will be mobile platforms. one example, a great opportunity for creators of intellect
economy. so for instance, we talked about our visa policy. if we can do things to better facilitate people getting visas in different markets, then they will travel more. and we're seeing much greater demand for markets like brazil, india, russia, china to travel to the u.s. we make it easier for them to do that, then more people will come. so the president got behind this initiative wholeheartedly. they invested in the visa process in brazil, opening up more visa offices. more people are...
24
24
tv
eye 24
favorite 0
quote 0
is the path of change and did now the change and it can also drive demand on the real economy so you get a correlation between the two he's seeing the stock market as the cause of the change in wealth in fact changing did is what drives the asset market and also pumps the economy up for a while but as we've seen it can be an artificial pump and it collapses lyta we need to get back to the productive economy not the rip off economy that people are brain span of promoted steve kane we're here on the west side of manhattan on the far west side and looking east just a couple of blocks side the viewers can't see it but i can see it i can see the headquarters of the new york times and of course in that building occasionally would walk paul krugman there economics editor now paul krugman is a guy who believes that there should be no real supply demand economics there should be no integrity in the banking system there should only be money printing till the cows go mom and using the stock market as a guide a success how come this guy it gets away with such intellectually dis. honest editorial
is the path of change and did now the change and it can also drive demand on the real economy so you get a correlation between the two he's seeing the stock market as the cause of the change in wealth in fact changing did is what drives the asset market and also pumps the economy up for a while but as we've seen it can be an artificial pump and it collapses lyta we need to get back to the productive economy not the rip off economy that people are brain span of promoted steve kane we're here on...
100
100
Mar 13, 2013
03/13
by
CSPAN
tv
eye 100
favorite 0
quote 0
balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out to republicans. and the senate, we are working out a bill to advance a compromise that will protect middle-class families. tomorrow, senator murray will introduce her bill that represent a balanced approach to what we need to do with the economy. on the other side, house republicans are moving further away from a compromise. house republicans are advancing the ryan republican budget that is more extreme and propaganda that we have seen in the past. the ryan republican budget slices critical programs and set of asking the wealthiest to pay more. he is going after education, healthcare, research, pris
balancing the budget helps our economy. it gives us a healthy economy and a progrowth economy. this is a goal we should all have. thank you. [captions copyright national cable satellite corp. 2013] [captioning performed by national captioning institute] >> president obama met with senate democrats to discuss issues including the budget. party leaders spoke with reporters about their differing budget proposals. >> we are seeing a contrast. the present -- the president is reaching out...
73
73
Mar 17, 2013
03/13
by
CSPAN
tv
eye 73
favorite 0
quote 0
it does not do juss justice to our economy. ts unfair to the people depending on these critical safety net programs. with that, i yield to the ranking member mr. van holland for his opening statement. >> thank you, mr. chairman. again i want to thank all the members of the committee as we gather here at what is a very important moment for our country. thanks to the ingenuity and resilience of the american people, and the emergency actions taken by the president and the congress four years ago, we are continuing to recover from the worst recession since the great depression. momentum in the job market continues to grow. but we still have a long way to go to help put people back to work to accelerate economic growth, and to boost small business hiring. yes, we must and can steadily reduce our deficit and reduce and stable lies the debt but we should do that in a way that immediately reduces the job deficit. rather than a budget that immediately makes that job deficit worse. unfortunately, this republican budget fails that very si
it does not do juss justice to our economy. ts unfair to the people depending on these critical safety net programs. with that, i yield to the ranking member mr. van holland for his opening statement. >> thank you, mr. chairman. again i want to thank all the members of the committee as we gather here at what is a very important moment for our country. thanks to the ingenuity and resilience of the american people, and the emergency actions taken by the president and the congress four years...
17
17
tv
eye 17
favorite 0
quote 0
agree with you that's not it that's delusional we done in a bubble economy when the real production economy but apart from that he's argument about needing the government to pump in cash when the private sector is taking it out is correct so i'm going to disagree with you on that one but the key is still with the probably picture awaiting an intellectually dishonest way of thinking about the economy and that's why design a program like minsky so people can look at the sort of stuff through and do and that's so old fashioned that's lawns equilibrium that's nonsense that's going to dynamic thinking and that completely inverse the way he thinks about the world i don't believe is dishonest but i do believe his wrong ok fair enough i want to talk about kickstarter first second because here you have an economic model that's relatively new that relies on altruism to yeah it's a great but according to iran kickstarter could never exist doesn't exist altruism simply discourage so according to her this comp this this because this is a company kickstarter this movement of crowdfunding which is now swe
agree with you that's not it that's delusional we done in a bubble economy when the real production economy but apart from that he's argument about needing the government to pump in cash when the private sector is taking it out is correct so i'm going to disagree with you on that one but the key is still with the probably picture awaiting an intellectually dishonest way of thinking about the economy and that's why design a program like minsky so people can look at the sort of stuff through and...
17
17
tv
eye 17
favorite 0
quote 0
economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail becoming even bigger to bigger to fail even less bigger big big in eric holder and shaking interest desk it's disgusting we're going to move on to this next headline because it talks exactly about that how too big to jail has become and his influence over the political class leaman creditors can question london whale says judge a bankruptcy judge gave creditors of lehman brothers the green light to subpoena former j.p. morgan trader bruno extolled the so-called london whale in an eight point six billion dol
economy. jamie diamond i'm going to destroy your life forms can grow up to ten feet in this case jamie diamond i think is only about i think. you can put your bumpers way there's a tape worm. farms also from this genetic decoding of their d.n.a. they found that they're actually remarkably similar to a cancer so again that's a very apt comparison to make jamie dimon to the tapeworm absolutely you know that was a gift to bear stearns and he's been marauding his way through the too big to fail...
90
90
Mar 19, 2013
03/13
by
CSPAN
tv
eye 90
favorite 0
quote 0
ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a healthy economy to create jobs and get people back on their feet again and that's exactly why we are proposing and passing this budget. i yield back the balance of my time. the chair: all time has expired. the chair: the gentleman from texas, mr. brady and the gentlewoman from new york, mrs. maloney, will each control 30 minutes on the subject of economic goals and policy. the chair recognizes the gentleman from texas. mr. brady: thank you, mr. speaker, during the annual debate -- i yield myself such time as i may c
ignore the economy. all the answers lie in washington, take more from hard-working small businesses. take more from families. spend it in washington. and oh, by the way. we don't have a crisis. that is scare mongering. you know what? try telling that to our children and grandchildren who are guaranteed to get a lower standard of living. try telling that to the struggling workers, the families and people in poverty who aren't cutting it in this economy. balancing the budget. helps us promote a...
635
635
Mar 20, 2013
03/13
by
CNBC
tv
eye 635
favorite 0
quote 0
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is declining, as house prices go up. so as people have bigger down payments, bigger equity in their homes, they become more creditworthy. so to some extent, not -- i don't want to overstate it, but to some extent, monetary policy, by strengthening the housing market, helping support house prices, is bringing more people into the mortgage market. >> fox business. the stock market has been hitting all-time highs. it's recovered all of its losses from the financial crisis. i just want to know from you if i stil
economy. that does have some effect on monetary policy. one of the most powerful tools we have is bringing down mortgage rates and stimulating home buying, construction, and related industries. so that is an issue we take into account. i would say one thing, which is that as the housing industry has strengthened and home prices have gone up, that has actually brought some people into the credit box, in the sense that the number of people, for example, who are underwater on their mortgages, is...
158
158
Mar 21, 2013
03/13
by
CNBC
tv
eye 158
favorite 0
quote 0
he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not coming down. britain was an experiment two years ago in rapid austerity. i think the markets here know what the country here in britain knows, it's failed. >> they did come out saying business applauded measures yesterday, which i'm sure he would also applaud. 32 pounds of national insurance. that's going to help job creation, cutting corporate tax rates again. infrastructure spending, he's done that, as well. there are very business friendly measures here and it's the private sector, after all, that's going to get the growth going in this country. >> look, the small busin
he said the chancellor is sucking the confidence out of the economy. the financial markets seemed e prerelaxed with what we heard yesterday. >> i think the potential markets have factored in now for very many months. the economy here in the uk is flat. it's flat lined. there's no growth. our deficit has been expected to stay high now for many months. the chancellor confirmed yesterday what we've all known for a long time. the national debt is rising year on year. the borrowing is not...
42
42
Mar 19, 2013
03/13
by
FBC
tv
eye 42
favorite 0
quote 0
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to. they jack up prices to get world attention and also because maybe they will have to as the region becomes destablized with iraq and iran involved. so at the end of the day i think you're going to see, your segment with boone pickens was so right on the money, we have to find alternative. if there is any message not only to get involved, i pray that the obama administration realizes we need a no-fly zone. we need to arm the rebels about. this is not exact science what to do there. we need to take sides. the darwin one evolution what is happening i
what does it mean for the economy? the human toll is devastating and makes us all shudder to see the pictures. this is a show about "money". we want to make sure we discuss that. what does decivilization mean for the economies of the region? >> well, because you have sort of the shia-sunni axis splitting right in the middle of syria you will see the arab sunni states, the gulf states getting involved. they may find the destabilization prevents transport of oil like it used to....
18
18
tv
eye 18
favorite 0
quote 0
are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamps taken a cut on the breadline busies of vertically integrated fraudster. i were colder on this he says he can't go after him because he's hiding under his desk right and he said they jamie might not be in your christmas card was your but i think that says everything the fact that we have institutions that control and are treated differently and we bedded that. by calling these companies different they are systemically important right the other seven thousand bags to try and earn an honest living in this country they're not import but who wrote it frank while
are they one of the most responsible for an economy. yeah i mean they're not really doing this as a percentage they're not really doing their job or a financial intermediation so when people are on food stamps you can point to jamie dimon and j.p. morgan by the way who is the biggest player in food stamps i don't know jamie jamie dimon j.p. morgan all right so they're not they've got a dog in that race as well not only are they defrauding the public but they're putting my food stamps taken a...
68
68
Mar 20, 2013
03/13
by
FBC
tv
eye 68
favorite 0
quote 0
economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more concentrated, lots more international, large multinationals that are connecting resources, investors and other countries, there's a lot more demand, so i think based on that and based on the innovations and information technology in a lot of industries you would expect financial services to be somewhat bigger. so i don't really know the answer to that question. my predecessor paul volcker explained the only contribution financial industry is the automatic teller machine. i don't know the answer. a much bigger sector can be defined by the wider range of services globalized financial economic syste
economy. u.s. gdp. now it is about 9%. do you think that shift is beneficial to the u.s. economy? >> i don't think i know the answer to that question. certainly the financial system, i could argue in two ways, so the u.s. economy grew pretty well between 1945-1975, 1980. the financial system was much simpler and didn't have a lot of exotic rigors and so on. so that would be one way to argue maybe all this extra financial activity is not justified. on the other hand the world is a lot more...
45
45
Mar 21, 2013
03/13
by
FBC
tv
eye 45
favorite 0
quote 0
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in the statement. very mch shrugged it off. he basically said we could use a little bit more inflation right now? >> absolutely. >> he should shrug it off. i completely disagree with that. what the economy needs is employment and employment will lead to wage growth. then we can start worrying about inflation the adpri -- agree with earn about key the bigger risk they pull back too early and once again we see momentum slip away. this is a fragile recovery the upside of them being wrong so often that they actually acknowledge it and try and adjust. so the
the economy is picking up steam, no question about it. we're seeing really good stock market obviously. the one thing that i worry about,hat ben bernanke doesn't worry about, those esther george, the fed chief, that kansas city bank basically said we have to worry a little bit about inflation when we keep putting $80 billion into the economy every month. i agree with that concern. melissa: julia, what do you think about that. he was asked that question directly a number of times t was also in...
70
70
Mar 20, 2013
03/13
by
FBC
tv
eye 70
favorite 0
quote 0
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food stocks today, a slew of flames hitting life-time highs -- names. hershey, flower foods. j&j snack foods and hormel on the list. david: the markets continued their climb as the federal reserve vowed to keep the printing presses roll being but is the market the only thing really benefiting from their programs? former congressman and long-time fed critic ron paul is telling us exclusively how all this could have potentially, extremely dangerous impact on the money you have in the bank and our country in general. lauren: plus cyprus may be the on the brink of default and looking to confiscate people's mone
david: sort of a bellwether of the economy, what the economy is doing here and as well overseas caterpillar was the worst performer on the dow. it was only down less than 2%. it did drag down the dow from what it could have been. the company is reporting dealer sales, get this, in the asian region dropped 26% in the last three months. north america by comparison only fell 12%. big drop in purchases from asia. lauren: stronger than expected results from general mills giving a boost to the food...
122
122
Mar 13, 2013
03/13
by
CSPAN
tv
eye 122
favorite 0
quote 0
economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013, created by l.b.j., destroyed by the g.o.p. i don't think so. seniors don't want it. americans don't want it. the last campaign for presidency, this was one of the major issues and ryan is coming back with it. bad idea, bad timing. and i want to end with this, this is a great country. there is no other place in the world like the united states. it is one terrific country. there is enormous energy in this country, where people want to get a job and go to work and businesses want to grow and hire people. all o
economy. and i thank you once again, my good friend from california, for making all the important points this evening. mr. garamendi: washington, d.c., your leadership in this community has been known for some time and i thank you very much for joining us tonight. i want to do two things before i end. first of all, medicare is back on the table. the ryan budget takes up medicare once again and provides a voucher that will destroy it. i'm going to change this. medicare, 1965, president 2013,...
115
115
Mar 18, 2013
03/13
by
KQED
tv
eye 115
favorite 0
quote 0
we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan krueger back at this table. welcome. >> my pleasure. >> rose: what's the essence of this which is sort of like asking moses of the ten commandments which are the important two. give me the essence of what you discover and you want the american public to know. >> you touched on it. the u.s. economy went through a traumatic period. financial crises was extraordinarily deep. we lost $16 trillion in wealth. but we are digging our way out of this problem. we've regained now almost 15 trillion of the lost wealth. over the last 36 months we've added private sect
we'll be right back and talk about the economy. stay with us. alan krueger is here, he's chairman of the whitehouse council of economic advisors. today he presented the economic report of the president. this is what it looks like. the report found that while much work remains, the economy's healing and moving in the right direction and it could create newed head winds. the sequester was signed in law in march 1st full effect is remain to be seen. all eyes on washington. i'm pleased to have alan...
83
83
Mar 14, 2013
03/13
by
CSPAN
tv
eye 83
favorite 0
quote 0
danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past experience tells us when he gets around to it, it will likely not balance, either. american families cannot live this way and neither should the federal government. democrats have not adopted a budget in four years. they will do one this year because of the no budget, and no pay bill. we look for to see in that budget. the test is to see whether or not they can pass that budget out of their own committee and chamber. we're which it will enough democrats be willing to endorse a plan with more so washington can spend more? that i
danny the economy moving again. getting our debt crisis under control so we may preserve the american dream. these are precisely the priorities that are incorporated in our house republican budget. american families know the federal of rigid federal government should not be spending more than it has. the budgets that have been proposed by the president in the past have never gotten a balance. -- gotten to balance. the president missed the legal deadline of february 4 to send in a budget. past...
114
114
Mar 21, 2013
03/13
by
KQED
tv
eye 114
favorite 0
quote 0
between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay the course. of course, he's not willing to commit what, you know, what's going to happen in the future as far as the quantity of easing programs are concerned. guns, there's still quite a lot of uncertainty about how long that's going to continue for. but our expectation is that it's still going to continue through this year and then will wind down in 2014. but, yeah, we do expect to support the federal reserve. >> and that, yon, is what i wanted to ask you about. did you divine any hints in the press conference or the statement today about when the federal reserve might take its foo
between those following the accident- that there are still downside to the economy. do you think that policy has made the right move today? >> i think so. i think, in general, the moves that we've seen over the past six months have been quite helpful. the further move in the direction of trying to get the economy back onto a stronger trajectory for the labor market, more rapid labor market improvement and i think the message from what they did today is, you know, for the time being, stay...
81
81
Mar 21, 2013
03/13
by
CSPAN2
tv
eye 81
favorite 0
quote 0
it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the idea works. and all of a sudden this business that they started all by themselves out of the spare bedroom of their home, they now have five employees. and five employees isn't just a number. that's five families that are taking home a paycheck. those are five providers -- mothers or fathers -- that are bringing home opportunities to their children. this is how prosperity is created. this is how every one of us has ever gotten a job or how our parents got their jobs, or -- either because they or someone else risked it and created a business opportunity that provides them a job. this is how
it's largely a function of the private economy. it's largely a function of the private economy. and it's a cycle that's very well understood. someone has a really good idea for a business, a new business, or growing their existing business. they somehow get access to money, whether it's their own money or money they borrowed or money someone invests through them, and they open this business. there's no guarantee that that business is going to work out. but they are willing to risk it. and the...
72
72
Mar 20, 2013
03/13
by
CSPAN2
tv
eye 72
favorite 0
quote 0
and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for middle-class families all across america. and i would urge my colleagues to support it. mr. sessions: mr. president? the presiding officer: the senator from alabama. mr. sessions: i appreciate the opportunity to be with our colleague, senator stabenow, who serves on the budget committee. what i would like to do just briefly -- and i will he yield to senator roberts -- is that president obama on march 13 of this year said "and so you know my goal is not to chase a balanced budget for the sake of balance." my goal is not to chas
and growing the economy. we have to -- 30% of our deficit right now as we look at this going forward is in the slow economic recovery. and so we want these numbers, when we know it was really bad prior to 2009 when president obama was elected, if -- it's gotten better, but it's not where it needs to be. and it won't be where it needs to be unless we invest in innovation, in education, and rebuilding america's infrastructure. that's what we do. this budget makes sense. this budget is for...
24
24
tv
eye 24
favorite 0
quote 0
debt the mortgage and credit card debt held by every bit every day americans are a real drag on the economy for tonight's conversations the great minds i'm joined by steve keen steve is a professor of economics and finance at the university of western city us in sydney australia and a world renowned authority on a wide range of macro economic issues debt financial instability in monetary theory a frequent critic of mainstream economists who predicted the financial collapse of two thousand and eight received the revere award from the real world economics reviews for his cutting analysis of contemporary economic trends present keen's book economics now revise an expanded edition of the naked emperor dethroned is a must read for anyone interested in learning about how we got into our current financial mess steve welcome a lot of the vehicle and thanks for joining us you could associated your name has been associated with modern monetary or modern money theory tell me about that in your association ok to see you nodding thing about my approach and modern monetary theory which we both believe th
debt the mortgage and credit card debt held by every bit every day americans are a real drag on the economy for tonight's conversations the great minds i'm joined by steve keen steve is a professor of economics and finance at the university of western city us in sydney australia and a world renowned authority on a wide range of macro economic issues debt financial instability in monetary theory a frequent critic of mainstream economists who predicted the financial collapse of two thousand and...